Board Resolution for Transfer of Shares : Format / Template

The Chairman informed the Board that the Company has received 3(three) Share
Transfer forms duly filled in, signed and stamped for a total of 450 (Four HundredFifty) Equity Shares.

Upon motion duly passed and seconded, it was:

“RESOLVED THAT the consent of Board of Directors of the Company be
and is hereby accorded for the transfer of Equity shares, as per the details
given below:

Sl. No.

Name of Transferor

Folio No.

Name of Transferee

No. of Shares Transferred

Certificate No.

1

Mr. X

111

Ms. Y

100

101-200

2

Ms. Z

222

Mrs. X

150

201-350

3

Mr. A

333

Mr. Z

200

351-550

Total

450

"RESOLVED FURTHER THAT Mr. ________, Company Secretary
be and is hereby authorised to make necessary
endorsement on the reverse of the Share Certificates and send it to the
transferees whose name is entered in the Register of members.”